
Fallbrook, California 92028
This Gated Multigenerational Estate is a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,189,000 Fair Market Value by 1%. This valuation gap offers $14,000 in Instant Equity for buyers. Maintaining a Condition Rating of 3, the property features a resort-style pool, outdoor kitchen, and a flexible lower-level suite with a wet bar. Located directly across from Monserate Winery on 1.5 acres, this residence combines luxury lifestyle perks with significant financial upside. It is an ideal match for Owner-Occupants or Multigenerational Families.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the 'good' criteria perfectly. While built in 1991, it features significant updates including high-end Jenn-Air stainless steel appliances, stone countertops in the kitchen, and newer major systems such as AC units and a pool heater. The interior shows a mix of modern upgrades like new skylights and hardwood flooring alongside some well-preserved traditional elements, requiring no immediate renovation.
The property is strategically priced at $1,175,000, which is $100,000 below a recent March appraisal, offering buyers significant instant equity at closing.
The lower level serves as a fully functional private suite with a large living room, wet bar, and master bedroom, making it ideal for extended family or guest accommodations.
Situated on 1.5 gated acres, the estate features a resort-style pool and spa with a rock waterfall and a fully equipped outdoor kitchen, capturing the essence of California indoor-outdoor living.
Despite offering over 3,100 square feet of living space, the home only features three official bedrooms, which may limit its appeal to larger families.
The expansive 1.5-acre lot with mature landscaping and extensive pool features will require substantial ongoing maintenance and associated costs for the homeowner.
Rare gated 1.5-acre property directly across from Monserate Winery. Located inside a private gated community with extremely low HOA fees, this beautiful estate sits along a picturesque tree-lined street and offers over 3,100 square feet of living space with 3 bedrooms and 3.5 bathrooms, including two master bedrooms with one located on the main level and another upstairs. One of the most unique aspects of this location is that the home sits directly across from the renowned Monserate Winery, one of North County’s premier destinations for wine, dining, and live events. The property feels like a private retreat with walking trails, mature landscaping, and outdoor spaces designed for entertaining and relaxing. The backyard features a resort-style pool and spa with rock waterfall, elevated deck with hillside views, and a fully equipped outdoor kitchen capturing the best of Southern California indoor-outdoor living. Inside, the home features Jenn-Air appliances and several recent upgrades including brand new skylights, new attic insulation, a new pool and spa heater, newer AC units, and refreshed landscaping with new mulch and professionally trimmed trees. The lower level offers exceptional flexibility and can function as a private multigenerational living space or mother-in-law suite with its own large living room, wet bar with full-size refrigerator, master bedroom, and 1.5 bathrooms. A recent appraisal completed March 13 valued the home at $1,275,000, yet the property is offered at $1,175,000, creating an opportunity for buyers to walk in with built-in equity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,110 | 2,314.399 |
| Lot Size | 66,646 | 47,267.225 |
| Price | $1.18M | $919.6K |
| Price per sq ft | $378 | $428 |
| Built year | 1991 | 1992 |
| HOA | $125.0 | $195 |
| Days on market | 175 | 59 |
Mar 19, 2026
$1,175,000
Initial Listing
Mar 18, 2026
$1,189,000
Initial Listing